Tennessee § 56-21-107 Return to guarantors upon retirement or liquidation of guaranty capital

Tennessee Statutes

§ 56-21-107 — Return to guarantors upon retirement or liquidation of guaranty capital

Tennessee § 56-21-107

Title56

This text of Tennessee § 56-21-107 (Return to guarantors upon retirement or liquidation of guaranty capital) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 56-21-107 (2026).

Text

When guaranty capital is being retired or liquidated, if the guarantors have made their contributions in cash, a like amount of cash shall be repaid them; but if the same has been made in securities, the securities if not disposed of, or their cash value at the time of their sale if disposed of, shall be returned to the guarantor contributing them, or the return of the guaranty capital shall be made on such other terms as are agreed upon when the securities are deposited by the guarantor.

Free access — add to your briefcase to read the full text and ask questions with AI

When guaranty capital is being retired or liquidated, if the guarantors have made their contributions in cash, a like amount of cash shall be repaid them; but if the same has been made in securities, the securities if not disposed of, or their cash value at the time of their sale if disposed of, shall be returned to the guarantor contributing them, or the return of the guaranty capital shall be made on such other terms as are agreed upon when the securities are deposited by the guarantor.